Charles Stanley is set to spend 9.5m on restructuring its business but expects the changes to eventually lead to savings in excess of 4.5m a year. At the beginning of May the wealth management company announced a “major” restructuring project, seeking to achieve an increase of net profit margin to 15 per cent. In its…
Sir Philip Greens retail empire faces a crunch meeting with creditors this week as it tries to avert a collapse into administration which could put 18,000 jobs at risk. The group, which operates 570 shops, must win approval from 75% of its creditors, most of whom are landlords, for a restructuring which will enable it…
CFO Ralph Khoury FCPA is based in Dubai, where he runs the ruler over the numbers and strategies for the Middle East media and advertising operations of Omnicom Media Group and TBWARAAD. Fact file Joined Omnicom Inc in August 2008 as the CFO of TBWARAAD Middle East, which was later expanded to the role…
DALLAS, May 30, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Alternet Systems, Inc. (USOTC: ALYI) (ALYI) today published a management update highlighting the companys management restructuring plan within a strategic partnership designed to trigger 1000% revenue growth. The company has recently announced a number of developments regarding major business developments to advance its…
Telecoms group Telstra is set to fast-track restructuring efforts six months earlier than originally planned. The company issued fresh guidance on its T22 program for downsizing the business. Telstra said it will push through with 6,000 of the 9,500 planned job cuts ahead of schedule, incurring $200m in costs as a result of the layoffs.…
Los Angeles, 28 May 2019 International law firm Hogan Lovells is pleased to announce that David Simonds has joined the firms Business Restructuring and Insolvency (BRI) practice as a partner based in the firms Los Angeles office. I am very excited to expand my practice both nationally and internationally at Hogan Lovells, said Simonds. Ive…
Creditors of Singapore based Swiber Holdings Limited (SHL) and its main subsidiary, Swiber Offshore Construction (SOC), on Wednesday voted in favor of a restructuring proposal which will take the offshore services company one step nearer to implementing a restructuring with equity investment from New York-listed Seaspan Corporation. The approvals came nearly three years after SHL…
“As markets contemplate the drag of a global trade dispute, and the consequent more accommodative stance from central banks, bonds yields are trading near eighteen-month lows. The Japanese yen is another beneficiary, although gold is yet to join the party. Stocks are under pressure.” Downer EDI lost 9.1 per cent to close at $7.16 after…
Telstra has announced it will record $500 million in impairments in its FY19 results as it writes off its legacy IT assets, and increased its forecast annual restructuring costs due to expedited job cuts. Telstra CEO Andy Penn.Credit:Peter Rae Like other legacy telecom firms around the world, Telstra is finding it hard to battle cutthroat…
Los Angeles, 28 May 2019 International law firm Hogan Lovells is pleased to announce that David Simonds has joined the firms Business Restructuring and Insolvency (BRI) practice as a partner based in the firms Los Angeles office. I am very excited to expand my practice both nationally and internationally at Hogan Lovells, said Simonds. Ive…